Newsmakers: Minda Industries, SPARC, Mirza International and Jubilant Industries among top 10 stocks that moved the most on December 13
The Indian markets on Monday concluded on a negative note as the Sensex slipped over 500 points and the Nifty50 fell below the 17400-mark at the market close. The weakness in the markets is mainly led by the FMCG and financial stocks. At the market close, the BSE Sensex declined by 503 points or 0.86 per cent to 58283, and the Nifty50 tumbled over 134 points or 0.74 per cent to 17382 levels. Here is a list of 10 buzzing stocks to watch out for:
Minda Industries: Up 9.87%
The shares of the company closed in the green at Rs 1,035 with a gain of 9.87 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 1038.15 with a gain of 9.79 per cent. The leading global manufacturer and supplier of proprietary automotive solutions have announced that it has entered into a Joint Venture agreement with FRIWO AG Germany, a leading international manufacturer of innovative power supply units and e-drive solutions, to combine their manufacturing prowess and technical expertise to manufacture and supply various electric vehicle components in the Indian subcontinent. Minda Industries Ltd will hold a majority stake of 50.1% in the joint venture entity. While joint venture plans to incur a CapEx of Rs 390 Crore over the next 6 years to support such growth in India, the outlay in the initial two years would be around Rs 160 crore. Minda Industries Ltd plans to invest Rs 71 crore in one or more tranches as an equity investment to partly fund the above expenditure. Besides, the Board of Minda Industries Limited (Flagship company of UNO Minda Group) has also approved expansion plans in its alloy wheel businesses considering increased demand for its alloy wheels from leading OEMs. Source: unominda.com
Antony Waste Handling Cell: Up 9.32%
The shares of the company closed in the green at Rs 321.30 with a gain of 9.32 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 320.45 with a gain of 9.13 per cent. Its material subsidiary, AG Enviro Infra Projects Private Limited has received the letter of intent for contract namely 'door to door collection and transportation of municipal solid waste to a disposal site and operation and maintenance of equipment/machinery’ from the city - Sadar Paharganj Zone of North Delhi Municipal Corporation (NDMC). The approximate Project Revenue in 10 years is Rs 1,000 crore. Source: antony-waste.com
SPARC: Up 8.10%
The shares of the company closed in the green at Rs 279 with a gain of 8.10 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 278.65 with a gain of 8.09 per cent. SPARC's reported a net loss of Rs 55.14 crore in Q2 FY22 compared with net loss of Rs 83.49 crore in Q2 FY21. Revenue from operations rose 57.99% to Rs 27.87 crore in Q2 FY22 over Q2 FY21. SPARC is a pharmaceutical company focused on continuously improving standards of care for patients globally through innovation in therapeutics and delivery. Source: sparc.life
Gravita: Up 5.10%
The shares of the company closed in the green at Rs 246.40 with a gain of 5.10 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 245.90 with a gain of 4.77 per cent. The leading Indian multinational recycling company has today announced the operationalization of its new Battery recycling unit at Mundra Port, Gujarat. In Phase-I, 19,500 MTPA plant is strategically located at the Mundra Port and is equipped with state-of-the-art facility facilities including the latest technology and automated processes. Source: gravitaindia.com
Nazara Technologies: Up 5%
The shares of the company closed in the green at Rs 2446.30 with a gain of 5 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 2,440 with a gain of 4.48 per cent. Nodwin Gaming Private Limited, a material subsidiary of Nazara Technologies Limited, has acquired of 10.26% equity stake on a fully diluted basis of Rusk Media Private Limited. Source: corp.nazara.com
BLS International: Up 4.96%
The shares of the company closed in the green at Rs 213.85 with a gain of 4.96 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 214.30 with a gain of 4.84 per cent. The company announced today that it has signed a contract with the Embassy of India in Kuwait for consular, passport & visa services. The company is expected to process approximately 2,00,000 applications every year. BLS will be starting operations with three centres in Sharq, Fahaheel and Jleb Al Shuwaikh in Kuwait. The company will be providing consular, passport and visa services along with several value-added services like form filling, printing and photography for the convenience of applicants. Source: blsinternational.com
Vedanta: Up 2.23%
The shares of the company closed in the green at Rs 357.50 with a gain of 2.23 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 357.30 with a gain of 2.23 per cent. The Board of Directors of the Company has approved a Second Interim Dividend of Rs 13.50 per equity share on the face value of Re 1 per share for the Financial Year 2021-22. The record date for payment of dividends is Saturday, December 18, 2021. The interim dividend will be paid within stipulated timelines as prescribed under law. Source: vedantalimited.com
Mirza International: Down 0.39%
The shares of the company closed in red at Rs 129.20 with a drop of 0.39 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 128.70 with a drop of 0.81 per cent. The Board of Directors of Mirza International Limited has approved a composite scheme of arrangement of RTS Fashions Private Limited, Mirza International Limited and Redtape Limited. The Scheme is subject to the approval of BSE Limited, the National Stock Exchange of India Limited, SEBI, shareholders and creditors of the company and such other statutory authorities as may be required and sanction thereof by the NCLT. Source: mirza.co.in
Endurance Technologies: Down 2.96%
The shares of the company closed in the red at Rs 1731 with a drop of 2.96 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 1,734 with a drop of 3.09 per cent. The company has commenced commercial production at its new plant at Waluj, Aurangabad, Maharashtra. The plant set up to manufacture braking systems will cater to the company's esteemed OEM (original equipment manufacturer) customers. The plant set up to manufacture braking systems will cater to our esteemed OEM customers. Source: Endurance Twitter
Jubilant Industries Limited: Down 3.67%
The shares of the company closed in the red at Rs 513.20 with a drop of 3.67 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 512 with a drop of 3.67 per cent. The Company's material unlisted Wholly-owned Subsidiary, i.e. Jubilant Agri and Consumer Products Limited ('JACPL'), has temporarily closed down manufacturing activities at its plant located in Sahibabad, Uttar Pradesh, upon receipt of directions on December 9, 2021, from the Commission for Air Quality Management in National Capital Region and Adjoining Areas. The Company is seeking legal advice to represent and/or appeal before the Competent Authority or a Court of Competent Jurisdiction for challenging and setting aside the said Direction. All the other plants of JACPL are working properly. Source: jubiiantindustries.com